BBCN Profile
BBCN Bancorp, Inc. (BBCN) was a bank holding company headquartered in Los Angeles, California. It was acquired by Wilshire Bancorp, Inc. in 2015 to form Wilshire Bancorp, Inc. prior to its acquisition by Hope Bancorp, Inc. in 2016. BBCN Bancorp's principal subsidiary was BBCN Bank, which was the largest Korean-American bank in the United States based on assets.
BBCN Bank provided commercial banking services primarily to small- to medium-sized businesses and individuals primarily in the Korean-American communities in Southern California, New York City, New Jersey, Seattle, Chicago, Atlanta, and Dallas. Its products and services included deposits, loans, cash management, online banking, and other related financial services.
As of December 31, 2014, BBCN Bancorp had approximately $6.3 billion in total assets, $4.8 billion in total deposits, and $4.2 billion in total loans. Its net income for the year ended December 31, 2014 was $77.8 million.
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